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        <h1>
            News</h1>
        <h3>
            Easy, cost-saving way to car insurance</h3>
        <p>
            <em style="font-size: 0.8em; color: #666; line-height: 1.2em;">Source: herworld.com<br />
                Author: Tan Lili<br />
                Date: 08/10/2010<br />
                URL: http://www.herworld.com/women-now/career-money/easy-cost-saving-way-car-insurance
            </em>
        </p>
        <p>
            Mention "renewal of car insurance" and many women tend to shut down their mental
            engine and put a brake on the conversation.
        </p>
        <p>
            Sounds exaggerated? Not really; based on a survey by local research company Boardroom
            Research, 76.9 per cent of Singaporean women would be more willing to switch car
            insurer if they found a plan that gave them better value for money. But even after
            they explored the different types of available plans, almost half of them would
            still go back to the same company.
        </p>
        <p>
            Women are usually the pros when it comes to doing research and planning, be it their
            own weddings or holidays. But interestingly, the reason why women made up the majority
            of people who dreaded renewing their car insurance is quite the opposite of what
            one would expect.
        </p>
        <p>
            "From the survey findings, those who dreaded renewing their car insurance perceived
            it to be a tedious process as it involves comparing plans, policies and quotations,"
            explained Mr Laurent Junique, CEO of a new insurance-centered search engine CompareXpress.
        </p>
        <p>
            "Drivers spend time and effort to search for insurance providers and compare individual
            plans. This process seems longer for women, given the lack of platforms for them
            [to use], to research and compare efficiently and conveniently."
        </p>
        <p>
            The research also showed that some women still stuck to their existing insurer despite
            finding a cheaper plan elsewhere. According to Mr Junique, these women perceived
            switching to another insurance provider a "hassle as they would have to start from
            square one and spend more time researching and comparing the different car insurance
            plans out there".
        </p>
        <p>
            This is where CompareXpress may be a useful service for female drivers. Dubbed as
            the motor counterpart of online travel agent Zuji, the website offers user-friendly
            search and comparison tools to allow drivers to compare and select insurance plans
            that best suit their needs.
        </p>
        <p>
            The registration process is easy – create a login, fill in personal, and vehicle
            and insurance details. After you submit your particulars, all the relevant insurance
            plans will be presented on a single page for comparison and review, saving you the
            time and trouble of researching insurance providers and plans one at a time. After
            comparing and finding the plan you want, you can purchase directly from the participating
            merchant through CompareXpress.
        </p>
        <p>
            Although there are many car insurance providers in the market, CompareXpress only
            works with three companies for now – Etiqa, HSBC and Liberty. But Mr Junique claimed
            the website is "constantly on the lookout for trusted partners", and will be beefing
            up its list of providers in the near future.
        </p>
        <p>
            The Boardroom Research survey also revealed that just by comparing at least two
            quotations, 67.7 per cent of drivers were able to get a cheaper premium.
        </p>
        <p>
            "Overall, if drivers compared three or more quotations, they would have an 85 per
            cent chance of making a saving, and would be able to save up to 20 per cent," Mr
            Junique added.
        </p>
        <p>
            He shared more tips from the General Insurance Association of Singapore (GIA) on
            how you can save on car insurance premiums:
        </p>
        <div class="news_list">
            <ol>
                <li>Not all car insurance policies are the same. Always shop around and research the
                    wide variety of products in the market to find the best car insurance plan that
                    suits you; compare at least three quotes before making a decision.</li>
                <li>Be truthful when giving information to your insurance provider. Failure to do so
                    may affect the level of payout you receive in the event that you make a claim, or
                    the insurer may apply a higher excess due to the unknown risk covered.</li>
                <li>Check with your insurance provider on a No-Claim Discount, which you are entitled
                    to if you have not made a claim for a year or more. This is your insurer's way of
                    recognising you for being a careful driver.</li>
                <li>Likewise, if you have not violated any traffic rules for three consecutive years,
                    you are entitled to a Certificate of Merit from the Singapore Traffic Police. Some
                    insurers will then reward you with a further five per cent discount upon presentation
                    of your Certificate of Merit.</li>
                <li>Always be proactive and vigilant in checking claims to avoid fraudulent claims that
                    may detrimentally affect your premiums.</li>
            </ol>
        </div>
        <p style="text-align: center;">
            <img src="/images/header/money_mouse.jpg" width="200" height="205" alt="Money Mouse" title="MoneyMouse" />
        </p>
        <p>
            On a lighter note, CompareXpress has a cute mascot called Money Mouse (a clever
            ploy to attract more women, perhaps?), a "superhero who goes around town to help
            motorists with their motor insurance needs". He can be found on Facebook and Twitter.
            On Facebook, Money Mouse already has more than 2,500 fans.
        </p>
    </div>
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